DFDV vs VCV: Correlation
DeFi Development Corp. (DFDV) and Invesco California Value Municipal Income Trust (VCV) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFDV and VCV?
Over the past 3 years, DFDV and VCV moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.05) than the 3-year average (-0.32). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -3039.1 %².
Within DFDV's tracked universe of 60 assets, VCV comes in at #52 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VCV ahead by 75.9 points (-65.4% versus +10.5%). Risk is not evenly split, since DFDV carries 51.0 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DFDV vs VCV: side by side
| DFDV (DeFi Development Corp.) | VCV (Invesco California Value Municipal Income Trust) | |
|---|---|---|
| 1-year return | -65.4% | +10.5% |
| 5-year return | n/a | -0.3% |
| Volatility (ann.) | 693.3% | 13.6% |
| Beta vs S&P 500 | 12.24 | 0.24 |
| Max drawdown (3Y) | -94.2% | -13.3% |
| Market cap | $0.2B | $0.5B |
| P/E (trailing) | – | 40.4 |
| Dividend yield | 0.00% | 7.38% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DFDV | VCV |
|---|---|---|
| 2022 | – | -28.4% |
| 2023 | – | +7.9% |
| 2024 | -41.1% | +18.7% |
| 2025 | +628.1% | +9.5% |
| 2026 | +4.6% | -0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFDV and VCV good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between DFDV and VCV?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with 0.05 over the last year and n/a over 5 years.
Is VCV a good diversifier for DFDV?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dfdv-vs-vcv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dfdv-vs-vcv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DFDV correlations · VCV correlations
